This webinar is the latest in a series of educational programs for dentists and their practice staff that focus on reducing practice overhead through the use of electronic data interchange (HIPAA standard electronic transactions ). Timely and accurate payment for services provided affects the financial health of every dental practice.
Electronic Funds Transfer (EFT) for healthcare was introduced to the industry in 2013 to reduce expenses and improve the flow of claims payments to healthcare providers. Electronic claims payments in the medical industry account for almost 75% of all claims payments, while only 20% of all claims payments are electronic in the dental industry. Using data from the latest CAQH Index and results from a dental practice that primarily uses electronic claims payment, dentists will discover the benefits of EFT for their practice and how easy it can get started.
1. Upon completion, participants will understand how to effectively and efficiently implement and integrate Automated Clearing House (ACH) into the practice’s day-to-day reimbursement posting and reconciliation.
2. Upon completion, attendees will gain knowledge of how ACH payments as a HIPAA standard for EFT payments can dramatically impact the revenue cycle of a typical dental practice.
3. At the end, attendees will learn how ACH enables the secure and timely receipt of claim payments from dental insurance companies directly to the dentist’s bank.
1 CERP credit.
ADA is a recognized CERP provider. ADA CERP is a service of the American Dental Association to help dental professionals identify quality providers for continuing dental education. ADA CERP does not endorse or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry.